https://www.youtube.com/watch?v=DyV0OfU3-FU
In Mike Maloney video on Currency Vs Money, I have learned a lot from this video on the many factors that made these two things different from each other and how they have impacted us around the globe for thousands of years. First of all your true wealth is your time and freedom, where money is just a tool for trading your time. Then its a container to store your economic energy until you are ready to deploy. The whole world have been turned away from the real world that fools everyone. Time and freedom has been constantly been stealing away from us. Wealthy is only transferred, where the best investment is education because in the global economy it works. If you understand how the financial side works, then you can put yourself in the correct pathway of wealth transfer. The further you look into the past, the further you will be looking into the future. Federal Reserve was never a part of the U.S, where many people never knew that it was not a part of the U.S. Also, there were many corruptions that were in the Financial world had but Mike cleared everything up by his book he wrote. This showed everything about the financial world, where everything started by the Egyptians about 5,000 years ago where they have used gold and silver as a form of currency with odd sizes. Currency is a medium of exchange, a unit of account. But Money is a medium of exchange of account that was portable, durable, and divisible fungible. Gold and silver stores a large unit of value balancing the values for thousands of years. Finally, the difference between currency and money is that money must be store of value and maintain its purchasing power over long periods of time.
No comments:
Post a Comment